Payne Foundation, Drivers Edge in Las Vegas, Nevada (NV)
Table of contents:
| Payne Foundation, Drivers Edge | |
| Employer Identification Number (EIN) | 880396368 |
| Name of Organization | Payne Foundation |
| Secondary Name | Drivers Edge |
| Address | 7435 S Eastern Ave Ste 5165, Las Vegas, NV 89123-1507 |
| Subsection | Charitable Organization |
| Ruling Date | 06/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $43,735 |
| Amount of Income | $120,328 |
| Form 990 Revenue Amount | $120,328 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Operating Foundations |
Non-representatives - add comments:
Amount of income in 2013: $120,328 (it was $210,934 in 2012)
| Payne Foundation, Drivers Edge: | $120,328 |
| Other organizations performing similar types of work: | $45,945 |
Assets in 2013: $43,735 (it was $160,548 in 2012)
| Payne Foundation, Drivers Edge: | $43,735 |
| Other organizations performing similar types of work: | $120,180 |
Expenses in 2013: $244,938
| This organization: | $244,938 |
| Other organizations performing similar types of work: | $39,714 |
Income to expenses ratio in 2013: 0.5
| Payne Foundation, Drivers Edge: | 0.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
| Payne Foundation, Drivers Edge: | 100.0% |
| Other organizations performing similar types of work: | 2.2% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $120,328 | |
| Contributions, gifts, grants, and similar amounts received | $120,328 | |
| Program service revenue including government fees and contracts | $0 | |
| Membership dues and assessments | $0 | |
| Investment income | $0 | |
| Gain/Loss from sale of assets other than inventory | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | |
| Other revenue | $0 | |
| Total expenses | $244,938 | |
| Total net assets | $35,938 | |
| Excess/Deficit for the year | $-124,610 | |
| Net assets or fund balances at beginning of year | $160,548 | |
| Other changes in net assets or fund balances | $0 | |
| Net assets or fund balances at end of year | $35,938 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $160,548 | $43,735 |
| Total liabilities | $0 | $7,797 |
| Net assets or fund balances | $35,938 | |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | |
| Gross receipts for public use of club facilities | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $1,229,734 |
| Subtotal Support | $2,697,667 |
| Gifts, grants, contributions, and membership fees received | $2,697,667 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $1,467,933 |
| Total Support | $2,697,667 |
| Public Support | $2,697,667 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Morris Family Fund | 1000 E William St Ste 204, Carson City, NV 89701-3117 | NV | 1999-11 | $8,448,806 |
| 2 | Findlay Education Foundation | 993 Auto Show Dr, Henderson, NV 89014-6714 | NV | 2008-11 | $413,300 |
| 3 | Living Promise Foundation | 2337 Dolphin Ct, Henderson, NV 89074-5320 | NV | 2014-04 | $235,171 |
| 4 | Plaid Lizard Foundation | 204 W Spear St Ste S239, Carson City, NV 89703-4160 | NV | 2014-07 | $194,997 |
| 5 | Fred And Mary Taulbee Charitable Foundation | PO BOX 243, Imlay, NV 89418-0243 | NV | 2014-01 | $113,348 |
| 6 | Eleanor Oneil Trust For The Benefit Of Indigent Animal Owners | 3660 Schurz Hwy, Fallon, NV 89406-7836 | NV | 2010-07 | $79,378 |
| 7 | Smiles For Survivors | 1825 Village Center Circle, Las Vegas, NV 89134-0518 | NV | 2011-01 | $40,215 |
| 8 | Rebel Dive Club | 7322 S Rainbow Blvd 311, Las Vegas, NV 89139-0400 | NV | 2014-12 | $39,230 |
| 9 | Tsg Foundation | 6955 N Durango Dr 1115-296, Las Vegas, NV 89149-4411 | NV | 2007-01 | $15,000 |
| 10 | Faith Based Communications | PO BOX 1507, Zephyr Cove, NV 89448-1507 | NV | 2013-02 | $11,878 |
| 11 | Mentoring Council Foundation | 204 W Spear St Num S-203, Carson City, NV 89703-4160 | NV | 2014-08 | $11,106 |
| 12 | Tree Of Soul Foundation | 204 W Spear St Ste S232, Carson City, NV 89703-4160 | NV | 2013-01 | $2,362 |
| 13 | My Very Own Dreams | 2310 Black River Falls Dr, Henderson, NV 89044-0100 | NV | 2010-02 | $2,000 |
| 14 | Voice Garden Foundation | 204 W Spear St Ste S-235, Carson City, NV 89703-4160 | NV | 2013-07 | $375 |
| 15 | Physio-Synthesis Foundation | 204 W Spear St Ste S-194, Carson City, NV 89703-4160 | NV | 2012-06 | $297 |
| 16 | Mopane Foundation | 204 W Spear St Ste S-188, Carson City, NV 89703-4160 | NV | 2011-08 | $100 |
| 17 | The Omega Foundation | PO BOX 5667, Incline Vlg, NV 89450-5667 | NV | 2005-10 | $83 |
| 18 | Stamer Foundation Inc | 423 Daffodil Dr, Henderson, NV 89015-7721 | NV | 2002-08 | $5 |
| 19 | Liberty Law Foundation Inc | 8681 W Sahara Ave Ste 280, Las Vegas, NV 89117-5885 | NV | 2010-08 | $0 |
| 20 | Revolution For Women By Women | 2200 Sratline Meadows Place, Las Vegas, NV 89134 | NV | 2014-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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